Casey D. Crowther, 35, chairman of a Fort Myers hedging company, was released on $ 100,000 bail Wednesday after being accused of falsely acquiring $ 2 million in COVID-19 relief funds.
He used almost $ 700,000 to buy a 40-foot boat.
The North Fort Myers man will next appear for a preliminary examination before trial judge Mac R. McCoy at 1:30 p.m. on September 23 in Courtroom 5C of the Fort Myers Federal Courthouse.
Crowther, who faces up to 30 years in prison if convicted, is accused of making false and misleading statements to a lending institution on behalf of his company, Target Roofing & Sheet Metal, Inc., according to the criminal complaint unsealed Wednesday by the United States. Lawyer Maria Chapa Lopez.
Crowther’s bail was set Wednesday after his appearance before trial judge Nicholas P. Mizell in Fort Myers.
He is represented by former US Attorney Doug Molloy, who declined to comment on Crowther’s behalf.
Previous coverage:Businessman accused of embezzling $ 2 million in COVID-19 funds
The complaint says Crowther submitted an application in April and received more than $ 2 million in a Paycheck Protection Program (P3) loan. The request said the money would only be used for business purposes, to retain workers and maintain the payroll or make mortgage payments, lease payments and utility payments.
The complaint further claims that within days of receiving the PPP funds, Crowther used a portion to purchase a 2020 40ft catamaran for approximately $ 689,417, which he registered in his name.
Crowther was also a board member for Lee BIA Builders Care 2020. A statement from Builders Care said he had resigned from his post and had no access to the organization’s finances and was not responsible for these.
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